Effective October 1, 2021, EnerBank USA ("EnerBank") merged with and into Regions Bank. Learn more here

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Creating a Business Plan – Financial History & Analysis

Financial History & Analysis – Creating a Business Plan

September 14, 2023

We just looked at your personal financial statement. Now, in the next section of your plan, you need to include your financial history & analysis. Here you’ll show that your business is profitable, how you’re currently financed, and plans for future growth. Because this data might be complicated, it may be helpful to enlist a […]

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The Expectations vs. Realities of Contractor Financing

The Expectations vs. Realities of Contractor Financing

September 12, 2023

If you’ve never offered contractor financing before, you may have some pre-conceived ideas of how it works. The reality is that your experience is heavily dependent on which lender you use, and they’re not all the same. Check out some of the expectations vs. realities when you work with Regions | EnerBank USA. Expectation: Customers […]

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Personal Financial Statement - Creating a Business Plan

Personal Financial Statement – Creating a Business Plan

September 6, 2023

In the previous installment of this series, we went over your management and organization. Now we’ll take a look at your personal financial statement. According to SCORE, in the simplest of terms, a personal financial statement is a snapshot of your personal financial situation at a specific point in time. New businesses may use this […]

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Selling Unafraid — Why Should People Hire You?

Selling Unafraid — Why Should People Hire You?

September 5, 2023

There’s no shortage of competition out there, but there’s a finite number of home improvement jobs. The good news? There’s only one you. So, how do you distinguish your contracting business and close more sales? Is it all about price, or is there more to it? We recently hosted a webinar where our special guest […]

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Management & Organization

Management & Organization – Creating a Business Plan

August 30, 2023

Last time, we talked about your Operational Plan. Now we’re going to go over the Management & Organization section of your business plan. The purpose of this section is to describe who’s on your management team and the skills they bring to the table. Ownership Structure This is where you’ll describe your business’s legal structure. […]

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Using Contractor Financing to Win Customers

Using Contractor Financing to Win Customers

August 30, 2023

Home improvement contractors operate in a dynamic and highly competitive industry. With so much competition out there, contractors must constantly seek ways to set their businesses apart. One way to do this is by using contractor financing to win customers. This case study will explore how FreshCoat Painters overcame industry challenges by leveraging contractor financing […]

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Operational Plan - Creating a Business Plan

Operational Plan – Creating a Business Plan

August 24, 2023

In our most recent post of this series, we went over the marketing section. In the operational plan portion of your business plan, you’ll explain how your business operates. There are a lot of moving parts to keep things functioning, and here is where you’ll detail them as well as any contingency plans you have […]

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Confidence in Numbers — Essential to Your Business Strategy

Know Your Numbers – Business 101

August 22, 2023

Why is it important to know if you’re pricing your services correctly? You want to be as profitable as possible, and if your numbers are off by even a little, it could lead to some big business mistakes. A lot of contractors don’t really know their numbers like they think they do. We want to […]

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Marketing Plan - Creating a Business Plan

Marketing Plan – Creating a Business Plan

August 17, 2023

In our last post of this series, we covered the products and services section of your business plan. Now, how are you planning to actually sell those products and services? The next step in creating a solid business plan is writing out your marketing plan. This is where you can share the strategies you’ll use […]

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How to Offer Contractor Financing for Customers

How to Offer Contractor Financing for Customers

August 15, 2023

You may have heard about contractor financing for customers, but how do you start offering it to homeowners? How do you find the right provider? What’s the best way to get my team involved? How can I add financing to my existing sales strategy? In this post, we’ll walk through the steps of finding the […]

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Creating a Business Plan — Products and Services

Products and Services — Creating a Business Plan

August 10, 2023

Previously, we covered the company description, now we’re going to focus on the products and services section. This part of your business plan should highlight the services your business provides. This includes your pricing, how you fulfil orders, and potential expansion plans. Your products and services are the bread and butter of your business and […]

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5 Best Practices for Your Business Website

5 Best Practices for Your Website

August 8, 2023

For many customers, your home improvement website is their first impression of your business. That’s why it’s important to follow best practices to ensure you’re making a good one. When designing or revamping your website, keep these statistics in mind: 71% of businesses in 2023 have a website. Visitors form a first impression of your […]

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Company Description - Creating a Business Plan

Company Description – Creating a Business Plan

August 3, 2023

We’ve all heard the saying that a failure to plan is a plan to fail, and that’s especially true when it comes to your business. However, you may have already spent years building your business, and you’ve been doing well, so you might be asking yourself: My business is already up and running. Why would […]

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